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Direct finance : ウィキペディア英語版
Direct finance

Direct finance is a method of financing where borrowers borrow funds directly from the financial market without using a third party service, such as a financial intermediary. This is different from indirect financing where a financial intermediary takes the money from the lender against an interest rate and lends it to a borrower against a higher interest rate. Direct financing is usually done by borrowers that sell securities and/or shares to raise money and circumvent the high interest rate of financial intermediary(banks).
We may regard transactions as direct finance, even when a financial intermediary is included, in case no asset transformation has taken place. An example is a household which buys a newly issued government bond through the services of a broker, when the bond is sold by the broker in its original state. 〔http://www2.econ.iastate.edu/classes/econ353/tesfatsion/mish2b.htm〕
Another example for direct finance is a business which directly buys newly issued commercial papers from another business entity〔http://www2.econ.iastate.edu/classes/econ353/tesfatsion/mish2b.htm〕
==See also==

*Indirect finance

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
ウィキペディアで「Direct finance」の詳細全文を読む



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